Updated Mar 11, 2025
Colliers Mortgage Provides $7.9M Loan For Multifamily Property In Aurora, IL
560 Linda Ct, Aurora, Illinois, USA
$7,900,000
$1,001/SF
Building Size
7,888 SF
Asset Type
MultiFamily
Closing
Jul 16, 2020
About this deal
AI
The multifamily property located at 560 Linda Ct in Aurora, IL, was involved in a recent transaction. The property consists of 116 units and was the subject of a closed deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Market: Aurora, IL
The loan for this transaction was provided by Colliers Mortgage. Marywood Housing LLC serves as the landlord for the property. The loan amount was $7,900,000, and the terms of the loan were a 10-year fully amortizing arrangement.
Players
Aurora MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93